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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (47069)	12/12/2005 1:11:13 AM
From: ild	Read Replies (1) \| Respond to of 110194

A "Durable Sense of Doom" It would take only a move to historically average valuations, at some very distant point in the future, to produce very poor investment returns over the very long-term. By John P. Hussman, Ph.D. hussmanfunds.com

To: ild who wrote (47069)	12/12/2005 6:25:20 AM
From: Condor	Respond to of 110194

Gold ABC news Dec 12, 2005 — By Lewa Pardomuan SINGAPORE (Reuters) - Gold hit its highest level in nearly 25 years in Asia on Monday as fund buying resumed, particularly in Japan, consolidating a rise of more than 20 percent in value since the start of 2005. A rally in gold lifted other precious metals, with platinum hitting its highest since March 1980 and silver trading at its best level since May 1987. Fund managers have been buying gold as part of a strategy to diversify portfolios due to concerns about rising energy costs, fear of terrorist attacks and expectations the dollar will fall because of the U.S. trade and budget deficits. A build-up in long positions in New York failed to dent the bullish outlook in gold, and dealers said fresh buying had offset profit taking in the last few days. In late afternoon trade, spot gold <XAU=> rose to $538.00/538.70 an ounce, its highest since March 1981, from $526.50/527.20 in New York on Friday when the metal rose around $7 an ounce. Gold, used as jewelry and investment, hit a record high of $850 an ounce in January 1980. "The momentum is too strong at the moment. It is not unreasonable to assume we might try $550 and $580. There has been selling and profit-taking but it's not big," said one dealer in Singapore. The speculative net long position in New York's COMEX gold climbed to 167,413 contracts in the December 6 week, from 158,905 contracts as of November 29, the U.S. Commodity Futures Trading Commission's latest Commitments of Trades report showed on Friday. The key October gold futures contract <0#JAU:> on the Tokyo Commodity Exchange rallied by its daily 50-yen limit to end at 2,155 yen per gram, the highest since December 1987, as a weak yen <JPY=> and persistent concerns about inflation ignited buying from funds and investors. A statement by TOCOM that it was not intervening to cool down volatility in the precious metals market lured retail investors to buy gold. abcnews.go.com

To: ild who wrote (47069)	12/12/2005 9:26:56 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

i receive a weekly report from the gold analyst at Sumitomo Gold. the last report, dated Dec 8, attributes the gold price gains mainly to gold's catching up with other commodities as part of the liquidity trade. btw, this analyst predicted $520 gold a year ago in a Nikkei special report. he does note that the gold futures buying on TOCOM has been active, and notes the hunt for yield among Japanese investors flocking overseas all year. but he doesn't describe Japanese buying as the primary factor that Coxe implies.

To: ild who wrote (47069)	12/12/2005 10:37:31 AM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

Jipangu is a mining group specializing in gold mining operations, a first of its kind in Japan. Since its foundation, the company has developed a unique business model: using its broad network to invest at the best timing into attractive overseas gold mining companies with identified mineral resources. Since the beginning of 2004, Jipangu has started a new phase. While the company retains its mission statement based on gold mining operations, it advances to become a gold mining company with some new gold businesses in line with different economic situations. jipangu.co.jp